Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Caterpillar (CAT) and Fastenal Company (FAST)
Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Caterpillar (CAT – Research Report) and Fastenal Company (FAST – Research Report).
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Caterpillar (CAT)
In a report released yesterday, Noah Kaye from Oppenheimer maintained a Buy rating on Caterpillar, with a price target of $700.00. The company’s shares closed last Tuesday at $629.00.
According to TipRanks.com, Kaye is a 5-star analyst with an average return of
Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $632.50, implying a -1.5% downside from current levels. In a report issued on January 7, Bank of America Securities also maintained a Buy rating on the stock with a $650.00 price target.
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Fastenal Company (FAST)
In a report released today, Kenneth Newman from KeyBanc maintained a Hold rating on Fastenal Company. The company’s shares closed last Tuesday at $42.62.
According to TipRanks.com, Newman is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Fastenal Company with a $45.13 average price target, implying a 7.6% upside from current levels. In a report issued on January 9, Barclays also maintained a Hold rating on the stock with a $44.00 price target.
